Directors and Officers in a corporation are much like the officers on a ship—they navigate their business through the sometimes choppy waters of the business world. And like the officers of the ship, they assume responsibility for the outcomes of their choices. In an increasingly regulated and litigious business environment, corporate executives can see their assets at risk for decisions they made as the leader of a company.
Burns & Wilcox provides access to Executive Liability Coverage that will limit your clients’ exposure to the financial risk of fines and court costs. Coupled with our extremely fast submission response time and low minimum premiums, Burns & Wilcox is one of the leading providers for wholesale insurance.
Directors and Officers (D&O)
Plaintiffs in D&O claims are seeking significantly larger settlements, with one company recently agreeing to settle for a record-breaking $139 million. Plaintiff law firms have been more confident and aggressive, especially with companies with cross-border operating exposures, allowing them to successfully push for higher settlements.
While this trend is raising the stakes for directors and officers, the frequency of lawsuits is also on the rise. In fact, the number of securities class actions filed in Canada each year has more than doubled recently. Now is the time for you to ensure your clients have tailored coverage to mitigate their exposures to potentially devastating losses.
D&O Coverage can offer an additional layer of protection for nonprofit, private and public companies when managerial decisions are called into question.
Coverage Details and Features
- Public D&O
- Private D&O
- Non-Profit D&O
- Public Officials/Public Entity D&O
- Fiduciary Liability
- Crime Liability
- Kidnap & Ransom
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At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.
Surgery center with EPLI $1M limit including full limit 3rd party, $150,000 W&H sub-limit, additional $1M limit for defense
Nursing home with D&O $1M limit and EPLI $2M limit including full limit 3rd party
Medical software developer with D&O $1M limit, EPLI $1M limit including full limit 3rd party, $150,000 W&H sub-limit, additional $1M limit for defense
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